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December 03, 2021

FreightSigns

What is the goods traffic, and the free cash flow of fleet operators, telling us?

Diesel price cut, moderation in goods transport after pre-festive rush soften freight rates

 

While the Centre and some state governments have cut taxes on diesel, there was a decline in the movement of freight in November because of slower industrial activity.

 

The quantum of freight moved was flat to negative on-month after the pre-festive buzz in October.

Decadal capex cycle

The correction seems broad-based with most combinations seeing a drop in freight rates. November saw freight ratesdeclining in 70-75% of the combinations, while about 20-25% of the routes clocked flat to positive growth.

Decadal capex cycle

CRISFrex captures the changes in freight rates on a sequential basis. What makes it the first-of-its-kind in India is that it also tracks free cash flows (FCF; pre-EMI), of transporters on an ongoing basis. Higher FCF would typically support demand for commercial vehicles.

Decadal capex cycle
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